Relational Database for Online Auctions and Bidding Platforms
Hosting of an online auction and bidding platform is a competitive marketplace that provides the opportunity for buying and selling of goods and services through auctions. Users sign up and log in to their accounts, and generate a profile to which they can add buyer and seller details to participate in auction activities.
Sellers can put their items for auction on the market and define certain aspects like starting bids and the timeline, while buyers participate in real-time by bidding against each other resulting in auctions competition dynamics. After the auction is over, the dealings are handled securely and features payment processing to facilitate the transactions without any trouble.
How to Design a Database for Online Auction and Bidding Platforms
Online auction and bidding platforms have become increasingly popular in recent years, offering users the opportunity to buy and sell a wide range of products and services. Behind the scenes, these platforms rely on sophisticated databases to manage user accounts, listings, bids, transactions, and more.
In this article, we explore the design considerations for building a relational database system to support such platforms, focusing on key entities, relationships, and database schema design.